Under the Home Valuation Code of Conduct (HVCC), Appraisers Today

question 12

Multiple Choice

Under the Home Valuation Code of Conduct (HVCC) , appraisers today are selected by:

• A)Fannie Mae.
• B)the lender.
• C)an appraisal management company.
• D)the real estate agent representing the buyer.

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Definitions:

Higher Incomes

Levels of earnings that exceed the average or median income for a particular region or demographic.

Lower Incomes

Lower Incomes refer to the earnings that fall below the average or median income levels within a specific area or population.

Proportional Income Tax

A tax system where the tax rate is constant, regardless of the income level; everyone pays the same percentage of their income.

Taxes

Compulsory financial charges imposed by a government on individuals, corporations, and transactions to fund public expenditures.